With my humble experience, it seems to me that NQ1! will rise in the next few minutes.
Anyone who's interested in my analysis needs a consultant, I'm on duty.
TVC:SPX
Bonds up, Yen up today - Always means something.
We filled a gap that frankly I thought we would have filled weeks ago, but now we have negative divergences. I won't call the top of the stock market impressive V shaped recovery rather its time for a pull back.
Maybe back to the 200 day (here in bright green) so they can take more buyers even higher to...
After we referred to NQ1! purchase in the previous analysis . This is the best time to sell, given the low market in the next few minutes. ' Anyone who's interested in my analysis needs a consultant, I'm on duty.'
With my humble experience, it seems to me that the NQ1! will rise in the next few minutes.
' Anyone who's interested in my analysis needs a consultant, I'm on duty.'
Hello traders,
Description of the analysis:
M30 strong s/r zones. Currently NQ in the all time high area, where the probability of rejection and decline is increased. Sentiment will show. Support zones ideal for timing short-term long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan. Analysis is also valid...
Couple people asked me why I didn't short something if ES and RTY are overbought...
NQ isn't overbought yet... so I'll wait. I don't think the market drops until we see NQ hit overbought.
Not expecting a tank, but I do expect a dip on Thursday (maybe tomorrow?) on profit taking,
Nasdaq is trading higher following Powell's speech confirming ongoing QE, lending programs, and bonds buying. There is still a room to go higher near-term based on technicals. Targeting new all-time highs, as resistance has not been established yet.
The rally isn't over until it falls below the big magenta trendline...
Companies starting to save costs by cutting advertising. They'll also start cutting capital expenditure and even software purchases.
Until it drops below the magenta line, I leave open the possibility of one more pumptarded rally.
Any break of this support sends us flying down to low 9000s easily.
I anticipate a break, it's clear the way Tueseday's new ATH went that it was just a last gasp exhaustion & bull trap.
MFI touched oversold premarket, so I flipped my GM puts on open.
There's a potential for another leg down since RSI didn't go oversold, but I'm not counting on it since the market is pumptarded.
So this daily chart shows that divergences have only happened three times in 20 years, one of the those was February 19th - yes at the top of all time highs.
I have been watching this carefully as the /NQ keeps pushing higher. This tool was right the other two times.
On a candle chart it returns 10 divergences of a max of 11. There is more noise - this chart...
Shark pattern on the Q's. 88.6 was first possible PRZ... which I played but covered when it didnt reach the first TP. 1.13 is the next spot for Shark. TP 38.2 and 61.8 retrace. Overshot the PRZ and with hedge funds only buying extended tech names like desperate drug addicts .... I suggest playing half size Puts to protect your risk.
So it did exactly what I expected and retested the top. On the edge of overbought on both RSI and MFI, so I'm out.
There's bound to be a dip either tomorrow or Thu.
I'm kinda assuming that it's going to head slightly more into oversold territory then bounce, because the pump and dump isn't over yet. Algos are still running full steam, today is actually a proof of that. ES futures get overbought and then boom...
Its all just algos, ignore the "news".
Very bearish setup, I'm just having trouble trusting it after the power the bulls displayed.
This it folks, Fed unloading $83 billion dollars of its balance sheet for the first time in a long time, pension re balancing next week - I am calling the generational top right here.
We will never see these levels again with the onset of the boomer cohort retiring.
